Economic Impact

EQT’s activities have a prominent economic impact on the communities and states where we operate and provide significant benefits for the entire U.S. economy.

2016 Local, State, and U.S. Highlights:

EQT contributed $481.2 million in taxes to support state and local programs

Operations provided $4.6 billion in Gross Domestic Product (GDP) or value-added to the U.S. economy

EQT’s operations in 2016 supported approximately 1,800 direct employees in our six-state operating region and thousands of indirect jobs along the industry supply chain. In turn, the earnings spent by those employees, contractors, and suppliers to purchase goods and services sustained “induced” job growth across the country, resulting in more than 32,000 people employed nationally.

2016 Job Sustaining Highlights

1,809 direct employees

32,400 ancillary jobs supported by EQT’s activities

$382 million in direct employee compensation

(Millions of dollars, unless otherwise noted)

Pennsylvania

West Virginia

Kentucky

Texas

Virginia

Ohio

Rest of U.S.

Total

EQT Employees (#)

1,136

443

158

45

22

2

3

1,809

Employee Compensation

$313.2

$44.7

$7.1

$7.8

$5.5

$1.9

$1.4

$2,656.6

Capital Expenditures

$744.5

$98.0

$2.6

$1.8

$0.0

$0.1

$1,809.4

$3,145.3

Royalty Payments

$77.4

$45.2

$3.5

$6.3

$2.4

$0.5

$0.4

$135.6

Ancillary Job Creation (#)

8,760

2,960

245

155

110

111

20,078

32,418

Gross Domestic Product

$1,334.7

$190.1

$44.1

$30.7

$10.5

$10.6

$2,943.7

$4,564.0

Ancillary Labor Income

$535.9

$139.1

$12.7

$9.5

$4.9

$6.1

$1,300.6

$2,008.7

State & Local Taxes

$109.4

$27.9

$9.3

$3.0

$1.0

$0.8

$329.8

$481.2

SOURCE: FTI Consulting prepared the analysis and compilation of an annual economic impact study based on raw data supplied by EQT as of year-end 2016.